>- - - - - - - - - - - - - - - - - - - - - - - - - - -
> West Wight Potter Website at URL
> http://www.lesbois.com/wwpotter/
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>IMHO/ $.02 worth
>
>"risk" is what the insurance companies are betting against, and in my frame
>of reference is a measure of probability and loss. "High risk" can be
>either low probability of loss combined with high cost if you do lose, or
>low cost of loss with a high probability that a loss will occur. To
>minimize risk, you minimize *both* the probability of loss and the cost if
>the loss occurs.
>
>You keep your boat in seaworth condition and tow a dinghy. You keep the
>dinghy in seaworth condition and wear a PFD. You keep the PFD in seaworth
>condition and attach a packet of shark repellant to it. (You attach a
>bottle of tabasco to the shark repellant package <G>). For each possible
>failure you minimize the probability, and provide a loss-preventive escape
>if the failure does in fact happen.
>
>That said, if we compare flying, climbing, and sailing, it seems to me that
>the "safest" activity is that one for which we can establish the longest
>chain of event-backup pairs. This depends on the physical situation
>surrounding the activity and on our knowledge of the risks, probabilities,
>and backups to be considered. That's why training works.
>
>Over
>
> -- dwf
>
>
>
>
>-----Original Message-----
>From: Bill Combs <ttursine@gnt.net>
>To: james nolan <nolan_laboratories@email.msn.com>
>Cc: West Wight Potter - Post <wwpotter@tscnet.com>
>Date: Saturday, August 21, 1999 12:12
>Subject: Re: afraid of risk
>
>
>=====>snip<=====
>